CFA CFA Level 1 To GIPS or not to GIPS, that is the question. Or else send tips for gips.

To GIPS or not to GIPS, that is the question. Or else send tips for gips.

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    • Avatar of fp92fp92
      Participant
        • CFA Level 1
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        4
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        I too am in GIPS sh*t  :disappointed: I’ve chosen to skip GIPS for now, risky move I know, and sorry not much help here.

        Trying to cover as much ground as I can as the practice papers are scaring me… I figured I’d probably get 1-2 questions on GIPS which I can sacrifice or have some sort of educated guess, vs. mastering those calculation based questions and getting them right. 

      • Avatar of concernedapeconcernedape
        Participant
          • CFA Level 2
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          3
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          I went through it once (and learned nothing) for L1. It turned out fine for me, I’m kind of rolling the dice again this year and only reading it once again.

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          1
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          Ethics and GIPS are CFA-exclusive, so apart from the exam and CFA-related compliance you’re unlikely to encounter these in real life. CFAI places a lot of importance on Ethics so that’s unskippable, but you might get away with tossing GIPS in the trash.

          I think you’ll be OK for L1 but the danger is running into a full vignette about GIPS in L2 or L3. I personally wouldn’t skip it, at least ‘light touch’ review and hope for the best.

        • Avatar of genetempgenetemp
          Participant
            • CFA Level 1
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            0
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            Didn’t know GIPS is a popular skipping topic! I think I’ll leave GIPS until the absolute last minute and give it a good read 1-2 days before the actual exam. Might get lucky for those 1-2 questions!

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